LATEST NEWS: Japan’s Recession Deepens as Election Looms for Abe: Economy

Japan’s recession was deeper than initially estimated as company investment unexpectedly shrank, a blow to Prime Minister Shinzo Abe as he campaigns for re-election on his economic credentials. The economy contracted an annualized 1.9 percent in the July to September period from the previous quarter, weaker than the 1.6 percent drop reported inpreliminary data. The […]

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LATEST NEWS : Kuroda Has Draghi in a Bind as Euro Soars Against Yen

Mario Draghi has something new to worry about as he prepares for tomorrow’sEuropean Central Bank policy meeting: the euro-yen exchange rate. The yen approached a six-year low versus the shared European currency after Bank of Japan Governor Haruhiko Kuroda surprised investors late last week by extending his record stimulus program. Kuroda’s actions jeopardize the weaker […]

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LATEST NEWS : It’s Currency War! – And Japan Has Fired The First Shot

This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist.  In a surprise move on Friday, the Bank of Japan dramatically increased the size of the quantitative easing program that it has been conducting.  This sent Japanese […]

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LATEST NEWS : Global shares push higher, bonds steady before Fed

World stocks and U.S bond yields extended almost three weeks of steady gains on Tuesday, as markets prepared for the Federal Reserve to formally end six years of aggressive, crisis-driven monetary stimulus. The Fed kicks off a two-day meeting later with analysts wagering that it will try to soothe the recent market volatility by reinforcing […]

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LATEST NEWS : Currency Wars Are Back: 'Export Your Deflation to Someone Else'

Currency wars are back, though this time the goal is to steal inflation, not growth. Brazil Finance Minister Guido Mantegapopularized the term “currency war” in 2010 to describe policies employed at the time by major central banks to boost the competitiveness of their economies through weaker currencies. Now, many see lower exchange rates as a […]

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LATEST NEWS : Scotland split fears pound sterling, Europe flinches

World share markets stalled on Monday as the threat of Scotland splitting from the rest of Britain leapt to the forefront of investors’ attention, the latest in a recent run of geopolitical curveballs. Sterling fell to a 10-month low against the dollar and British shares and government bonds led a cautious Europe lower after a […]

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LATEST NEWS : JAPAN ECONOMY STALLS AS INCOMES, SPENDING LANGUISH

TOKYO (AP) — Japan’s vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world’s third-largest economy. Data released Friday showed the inflation rate was unchanged from the previous month. The core price consumer index that excludes volatile fresh food prices rose 3.3 percent in July, […]

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LATEST NEWS : Russia may restrict trans-Siberian flights for EU airlines: newspaper

– Russia may restrict or ban European airlines from flying over Siberia on busy Asian routes, a newspaper reported on Tuesday, following Western sanctions which have grounded one Russian carrier and a billionaire’s private jet. continue reading at reuters.com

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LATEST NEWS : Ethiopia Becomes China’s China in Global Search for Cheap Labor

Ethiopian workers strolling through the parking lot of Huajian Shoes’ factory outside Addis Ababa last month chose the wrong day to leave their shirts untucked. continue reading at bloomberg.com

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LATEST NEWS : They're Dying at Their Desks in China as Epidemic of Stress Proves Fatal

Chinese banking regulator Li Jianhua literally worked himself to death. After 26 years of “always putting the cause of the party and the people” first, his employersaid this month, the 48-year-old official died rushing to finish a report before the sun came up. continue reading at bloomberg.com

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